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Home-buying do's and don'ts

Authored by Carole Hargrett

Professional Development

Professional Development

Used 1+ times

Home-buying do's and don'ts
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

I should buy a new car while applying for a mortgage.

False

True

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

I should avoid quitting a bad job during my mortgage application.

False

True

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

I should wait until the weekend, when I have more time, to respond to my loan officer's requests.

False

True

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

I should have money saved in my bank account before applying for a mortgage.

False

True

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

I should not close credit card accounts that I don't use right before closing on my mortgage.

False

True

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

I should dispute items on my credit report while applying for a mortgage.

False

True

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

I don't have to pay my rent on time during the mortgage buying process.

False

True

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